Shell has reached a deal with Chevron to acquire a 35% stake in two ultra-deepwater offshore oil blocks off the coast of Angola, marking a new strategic investment in the Sub-Saharan African country.
Chevron remains the only operator shipping oil from Venezuela, while cargoes bound for China have been halted for a fifth consecutive day, increasing pressure on local storage capacity.
Donald Trump says US oil companies could restart production in Venezuela within two years following the removal of Nicolás Maduro, despite the scale of investment required.
ArcelorMittal has signed an 18-year nuclear electricity supply agreement with EDF to cover the power needs of its industrial sites in France, as part of a long-term energy strategy.
A suspected attack on a Berlin power facility cut off electricity to thousands and prompted a nationwide emergency response amid rising security concerns.
Sinexcel has commissioned its first 1.5 MW/3 MWh energy storage system in Ukraine, supporting local grid stability and strengthening its presence in the European market.
Nexera Energy has acquired producing oil properties in South Texas as part of a financial settlement with Hagco Energy and Hugocellr involving more than $600,000 in unpaid fees.
ENGIE’s Knox 2A and 2B solar projects will supply electricity to 443 residential and commercial customers while generating more than 8.2 million kilowatt-hours annually.
SolarMax has secured a $258.1mn engineering, procurement and construction contract for a 600 MWh energy storage installation in Corpus Christi, marking a strategic move in the US market.
Ormat Technologies has launched commercial operations of Arrowleaf, a hybrid project combining 42MW of solar and 140MWh of storage, under a long-term contract with San Diego Community Power.
Clearlight Energy announces the appointment of Carolyne Murff as Chief Executive Officer and Matt Mitchell as Chief Financial Officer, marking a new phase of development for its 4.3 GW renewable portfolio in North America.
Canadian company NG Energy finalises the sale of 40% of its stake in the Sinú-9 block to Maurel & Prom for $150mn, consolidating a joint venture on one of Colombia's largest gas fields.
Unit 2 of the Zhangzhou nuclear power plant, in Fujian province, has officially begun commercial operation after successfully completing all commissioning tests.
The group of major oil producers extends its stability strategy despite a drop in prices of more than 18% in 2025 and projected supply surplus for the coming year.
Amid Venezuela’s political transition, the African Energy Chamber urges international players to prioritise stability to secure oil investment and restore national production.
The Libya Energy & Economic Summit 2026 will host five leaders from the legal and advisory sectors to support the opening of the national oil market and strengthen regional cooperation.
Norwegian group Borr Drilling has announced two contractual commitments for its Ran and Odin rigs, extending its activities in the Americas through 2027.
Falcon Oil & Gas has secured shareholder approval to sell its majority stake in its Australian subsidiary to Tamboran group, clearing a key hurdle in a broader divestment transaction.
SolarMax Technology has signed two engineering, procurement and construction contracts for 400 MWh energy storage projects in Puerto Rico, with expected revenues totalling $158.3mn.
Woodbridge Ventures II Inc. signs definitive agreement with Greenflame Resources for a transformative merger, alongside a concurrent financing of up to $10mn.
Interceptions of ships linked to Venezuelan oil are increasing, pushing shipowners to suspend operations as PDVSA struggles to recover from a cyberattack that disrupted its logistical systems.
Harbour Energy acquires US offshore operator LLOG for $3.2bn, adding 271 million barrels in reserves and establishing a fifth operational hub in the Gulf of Mexico.
The agreement signed with Afreximbank marks a strategic shift for Heirs Energies, aiming to scale up its exploration and production operations on Nigeria's OML 17 oil block.
Oritsemeyiwa Eyesan’s appointment as head of Nigeria’s oil regulator marks a strategic shift as the country targets $10bn in upstream investment through regulatory reform and transparent licensing.
Baghdad states that all international companies operating in Kurdistan’s oil fields must transfer their production to state marketer SOMO, under the agreement signed with Erbil in September.
Chinese oil group CNOOC continues its expansion strategy with a new production start-up in the Pearl River Basin, marking its ninth offshore launch in 2025.
A train carrying over 1,200 tonnes of gasoline produced in Azerbaijan entered Armenia on December 19, marking the first commercial operation since recent conflicts, with concrete implications for regional transit.
Subsea 7 has secured a new extension of its frame agreement with Equinor for subsea inspection, maintenance and repair services through 2027, deploying the Seven Viking vessel on the Norwegian Continental Shelf.
Caracas says Iran has offered reinforced cooperation after the interception of two ships carrying Venezuelan crude, amid escalating tensions with the United States.
US authorities intercepted a second oil tanker carrying Venezuelan crude, escalating pressure on Caracas amid accusations of trafficking and tensions over sanctioned oil exports.
California Resources Corporation completed an all-stock asset transfer with Berry Corporation, strengthening its oil portfolio in California and adding strategic exposure in the Uinta Basin.
The Ugandan government aims to authorise its national oil company to borrow $2 billion from Vitol to fund strategic projects, combining investments in oil infrastructure with support for national logistics needs.
British company BP appoints Meg O'Neill as CEO to lead its strategic refocus on fossil fuels, following the abandonment of its climate ambitions and the early departure of Murray Auchincloss.
The Venezuelan national oil company has confirmed the continuity of its crude exports, as the United States enforces a maritime blockade targeting sanctioned vessels operating around the country.
The United States has implemented a full blockade on sanctioned tankers linked to Venezuela, escalating restrictions on the South American country's oil flows.
Deliveries of energy petroleum products fell by 4.5% in November, driven down by a sharp decline in diesel, while jet fuel continues its growth beyond pre-pandemic levels.
ReconAfrica is finalising preparations to test the Kavango West 1X well in Namibia, while expanding its portfolio in Angola and Gabon to strengthen its presence in sub-Saharan Africa.
Shell has reopened a divestment process for its 37.5% stake in Germany's PCK Schwedt refinery, reviving negotiations disrupted by the Russia-Ukraine conflict and Western sanctions.
